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<br /> ' _ . TOGE7HHi Wf7H sll the improvements now or he�ereded on the proR�Y, end efl easemerrts. ePPurtsi�ces.�d
<br /> �:`'� • - tSCtues ntw ar hereafter a part ot the Property.AO reptacemeMS and ed�tions shaU also be covered by this Secueity InsOvment . ,
<br /> -� All of the toregaing is referted to in thts Searig/Instrument as the•Prope�ty.'
<br /> L ^` ..- BORROWER COVENANTS that Borrawer ts tawluQy seized ot tAe estate hereby comreyed and has the dght to grant and
<br /> •>;...�: convay the Ptoperry snd that the Property(s unenatmbered. excep2 tar enaan6rances of reoord. Borrower war�anls and w�
<br /> .�; ` "� r deTe�d g�►era¢y ihe fi�e to th@ Properiy agetnst aU dairm and demands.subjed to erry�aunbrances of�ecord
<br /> TtHS SECURii1f IN3IRUNtEI�iT com6ines unit�orm covertarts tor rmtlonal use artd nmwnfiortn cavena�s with Qrnited
<br /> '' f� . . . varta�ons 6 u�Won to mnstlhrte a w�ortn s
<br /> Y I eam�h insGUmeit covering reai properry.
<br /> _ _ UNffQRM CQV�IAMS. Barmw�and L�ede eovernnt and agree as faQows:
<br /> . 1.Paymfln:o#P�Incipat and Interes� Prepsyment and La4e Chargea eorraw�shan pmmpuy pay when
<br /> ' ��.��i due the pr6�cipai ct and�rtaest on the debt evideiced by the Noie and anl►P�I►ment and iam charges�e under ffie Nate.
<br /> - � 2. Futlds for T8Rte3 8nt0 insut'dnce.Subjed to appficahle Iaw or to a written waNer by Lender,Borrower shaU pay '•`
<br /> .�.�,} to Lender on the day mflntl►ty►payments are due under the Not� untl tt�e Note is pald in fufl,a sum (°Funds') tcr. (aj yearty .,��
<br /> �;, taxes and assessmems wh(ch may attain pdority over this Searily InsbumeM as a fien an ffie Pmperty, (D)yearty le�asehotd o
<br /> � , payments or ground rents on tAe PropertY,��'Y. (�) Y�Y hatard ot properry i.^�s.ra_-tce premiums: (�YeadY 800d insurance
<br /> tr�n r �� Prettiums.if anY• (e)Yearty►mn�v3e�4 a-�miums,�any;and(�anY sums pa�iis t�8orrow�to Lender in aecordance �
<br /> .,:.�;s�. _.� wHh Me provisions ot paragr�Fi e, in 6�a9 tfse�ay+mer,t�tr mortgage insursnce pr�r:vns These itertis are called 'Gaow �l
<br /> � `'��:�r� _� ftems.' Lender may. at any i��cnII�and 4�a?d Funds rt�an amouret not to exceed ihe ma�ammn amourrt a le�d�tor a �
<br /> . '�rr,.•: federa¢y re�ffied mort�ge toan r.ray raqsds�e for Barrower's esrnow aeco�mt under the federal Etea!Es�te Seril�neni Pancedures � .
<br /> . - 1:.� Ad ai 1974 as em�tded imm tune to titne.12 U.S.C.�?E41 ei seq. ('HESPA•), unless attother taw thai epppas to the F�mds J
<br /> '- - _ � sets a tesser amow�l. tf so, lend�r may,at arry Wne, coQed and hold Funds tn an amaunt not to exceed the lesser amowrt.
<br /> • `L. . •,•� Lend�may estimaLe the amount o?Funds due on the 6asts of curtet►t data and reasonabte esHmates o! . .
<br /> expendPt�rres af fiWre �
<br /> , .. � Es�anr items or othmwLse in aocardance with appQcabte Iaw. . .
<br /> .� :��`' �:.;r 'Ihe Funds sha0 bs Aeld in an G�sG'Ntion wAase depositss are insured by a tederai agency.instrumer�l.ar errt�y(Inelu�ng
<br /> . .•°� LenQer.H Lender is such an insh'hrtfnn)ur in any Federal Home Loan Bank. Lender sNaU aPPN the Eunds to pay tha Esaow
<br /> �� Items. Lender may not charge Borrower for hotdtng and epptytng the Funt�.annua4y anaSysing the esuow accourd,or ve�lying
<br /> "'� • " ' the Esaotiv Items, unlesa Lm�der pays Bortower Interesl on the funds and appilcebte �w pennfts Lsnder to mako such a
<br /> � � `. charge. liowever. lender may reQuire Bormwer to pay a orta�tlme chacpa tee an fndependent �1 estate tax re�oRing servtce
<br /> • . � usQd Dy lander in eonnecUon wftA thfs toan, untsss eppUeabie law prov(des othervrlse. Untess sn a�eemetrt le made or
<br /> � , appllrabte(aw requtres Interes!to be palQ lender shall not be required to pay Barrower any(ntetest or eamings on ttte Funds. ' �
<br /> • ,. ' f Bortov�er end lend2►may agrea In wrfUng, hawever. thet(nterest ehaD be patd on the Funds. Lm�der shaD gtve to Bortawer. _
<br /> •• . vrfthout oharge,an ens►uaS a�aunding of the Funds,shawing credits and Qebtts to lhe FunQs and the purpose tor whteb eacA
<br /> . - �.:;t aeDi!to the Wnds was made. The Fcmds are piedged as sd�dortai sewrtty tor aD sums seaired try the 3erairity h►strumcmt --
<br /> �'�, .• N the Funds hetd by Lenda r.zceed the emouMs pennHted to ba hetd by appRcable Isw,Lender cha4 accourtt to 8orrower
<br /> {{ tor the exsess Funds tn accordance v�rth the requl►ements of eppGca6le law.H the amoutri of the Funds hetd by I.ender at any
<br /> � • � : .I�, Ume Is no!sufftcient to pay the Esaaw items when due,Lender may so notKy Borrower In writing,and in such case Borrawer ,'
<br /> ' `� : • sheD pay to Lender the amo�mt necessary to make up the deBdency. Borrower sha0 make up the deftden�y(n no mare than
<br />- .. .,. _'+. tweNe mortthty payments,at Lender's sote�IIscretton.
<br /> � Upon paymerrt(n tull oT eU sums secured by this 3eartity InsVumen�Lender sha0 promptly retund to Borrower erry fwds
<br /> ..: � � held by Lender. I�under paragraph 21.Lender sha�acqulra or se0 the Properiy. Lend�pdor to ffie aeyqulsQion ar aete ot the ! ��
<br />. . . � .jrt,.�, -: �D�lb sha0 aPAA/�ll Funds held by Lender ffi the Ume of acquts3Han or sate as a eredd agafist the sums sewred this
<br /> 8ecurfty InsUument � 't.�'"
<br /> •_ ;•;::'�;: 3. A�1pIiC8tton aT P'ylfi8stts. UNess appIIrabte Iaw provldes othe�ntlse, a� pEymmmts recelved Isy Lender iuider
<br /> {�,:;::� y - _
<br /> _•.r,r,; . '" paracpaphs 1 and 2 shaU be app::e� FJSt,ta any prepayment eharges Que under the NoSe;sQCartd,to amourds payabSe under
<br /> :�;;�;,',. , Dara9►aPn 2:thtrd.to btterest du�fott►!h.to principal du�end Iast.to atry Iate charges due und�the lVoie.
<br /> ; �..�;��. , 4. Chazg�; Ltena eaROwer snan pay eu raxes, assessmertts, charges,fines and imposi�ons attrmuteble to the
<br /> `'."-;<: Properry wbkA may attain priec9ly over thJs Security Instrumem,and leasehotd payments or gmund rerds,B a►ry. Bortower sha11
<br /> � :��„�:" � , .•; pay these oDUgations U►the err�mer provtded in paragraph 2, or ii not paid in that mann� 8orrower she11 pay them on Ume v =.
<br /> �. ' ' d'irecUy ta the person owed�r�rnenL Borrow�shaD promptly fumish to Lender all nottces ot amounts to 6e pald under this
<br /> . , pata�h. tf Bortower r�<� thene paymeMs duectty, Borrowv shall promptly fumTsh to Lender recetpta eNQertctng the '` �=
<br /> . P��•
<br /> � 8orrower shail prorr.yS��charge arry Oen whlcti has prioriry over thts 3ecurfty Instrument unless Sorrower. (a)agree9 tn �
<br /> ,:-,�r;,:,• _ � ; wdUng to the paymart of U`.3 u`r"agatton secured by the Ilen tn e manner acceptabte to Lender: (b)corrtests in good fr3ith the
<br /> :;'�•{,•.; by, gafist en?xcement of the Iten tn. legat proceemngs vihfch (n the lenJ�'s opinipn operata to preverA tha
<br /> �:�;:,;�.,• ',;..,.} Qen or detends a
<br />_ �•:;:l;�,:�. , entorcement o1 ths aen: or{cb r.�Tes from the hotder of the Qen an agreement saUsfaC!o�to Lender subor�natfig the Oen to -
<br /> • ..�:, •; thls Security Instrument.Ii ter:�r�etenr.ines that atry pert W the Property is subjeci to a Fi:�s�rhioh rt�ag sttafn pttorfly aver thfs
<br /> . � ��, Sec�uigr Inshument,Lender may g(ve Brrr�r�a�noUce Identifying the Qen.Borrower shaS sztisty tne E3a ar take one or more of
<br /> �` the acNons set toRA above wftt�70 days oiLha gMng of noSce. - :
<br />- ��"�'�`�� 5. Naaard or Pre�eo4� Insuraaee. 8otrowe►sha0 keep the improvements r��u exlsting or hereaftv erected on the
<br /> . � �eriy Insured agaUist lass Ey ftre, hamrds tnduded wfthin the tertn 'extended covea.,as' snd any other hazerds,trttNod(ng •
<br /> � � �.C�sis or ftaadfng,tor whtctl Lender requlres insurance. This insurance shall be mafita�.=ed in ffie amounts end.tor ffie pedods
<br /> - , .. , that I.ender�equIres. The insurance carttaar provldmg the lnsurance shall bs chosen by Borrower subJed to lenders apprwa) .'
<br />_ . wtileh shaD not ba unreasonaby withheid. H Borrower talis to matntatn eoverage desaibed ebove, Lender may,at Lender's
<br /> �- �. •. ..�_ •. epUon.obteln eoveraga to prc.s�t Lender's dgMs tn the Pcoperty in aaxNartce vritf�para�apb 7. ° •
<br /> AD (nstnance po�des�d e�ewals sha0 he acceptabte to Lende►end shall ind�iC'�a standard mortgage dause. lender �
<br /> ' • sha0 have the dgM to ho}d d�g potides and renewa(s. H Lender�equires,Borrower ats��rrompUy ghre to Lender aU receipta o!
<br /> � patd premtums and renewat r.�. In the event o1 toss,Borrower ahaU glve prompt rt�Lo the(nsurance cartier and Lender.
<br />_ • ,' : Lender may make proof of�oss d r:oi made promptty by Bonower.
<br /> Unless Lender and Bocrowzr oJ:e�xf.a agrea in wrftfig. insurance proceeds sha0 bs appQed to restoratlon or repafr ot the
<br /> : � � • PropeRy damaged,H the res'.�n or repafr is economlcaQy teasfbte end Lender's secuf,*y Is not fessened. It the restoratlon or
<br /> - „ reyair is not economicatty tc��'�3a or Lendera securlty would be fessened,the Insurance proceeds shaU be applted ta the surrts
<br /> " � . : �ured by thls 8ecurfty R�^•r.nent, whether or not then due,with any excess pa!d t� Bortower. If 8orrower eLandons the '
<br />- ' R�yerty, or Qoes not sr.�,��:vJrthtn 30 days e naUce irom Lender that the insurEnce care9er has oNered to settle a claim,then �
<br /> . � Lender may eor�t•the insurance proceeQs. Lender may use the proce¢ds to repah or restore the Property or to pay suma
<br /> � ' seatned by this Security fnstrumen�whether or not then due. The 90�day pedad wi0 begln when the nottce Is gtven.
<br /> • , Unless Lender and BoROwe► othetwise agree In wri8ng, arry epppcatlon o1 proceeds to prmcipal ahall not extend ar
<br /> � postpone tl►e due dafe o1 the monthfy payments reteRed to In paragraphs 1 ane 2 or change the amount o1 tfie payments. tf �
<br /> . , under paragraph 21 the PropeRy Is acquireA Dy Lender. Borrower's dght to sny insurance policles and proceeds resuWng imm
<br /> � dsmage to the Property prlor to the acquls(Uon shall pass to LenQer to the extent ot the sums by thb Securlly Ins�ument
<br /> . � immediatery pdor to tfie acqulsiUon.
<br /> - ' � 6. Occupancy. Preservatlon. Main4�nance and Protoctlon o! tha Property; Borrawer's Loan �
<br /> AppUcation; Leesehotd9.Bortower sha0 ocaupy, establlsh, end use the Ptoperty as BortowePa princlpal resldence wlthln
<br /> : ' slxty days after the execuUon ot th}s Securiry tnstrument and sha0 eontlnue to occupy the Property as Borrowera prindpal
<br /> ' reslQence tor et teast orte year e@er the date ot occupancy,untess Lender othcrvv)se agrees In writlng,whleh conseM shaU noi
<br /> = � , be unreasonabty withheld,or unless extenuaUng Grcumstances exlst which are 6eyond Borrowers control. Borrawer sfia0 not
<br /> _ • desUoy, damage or Impatr the Property,atlow the Property to deterlorate,or wmmri waste on the Property. Borrawer shell be in �
<br /> :-, detault Ii any forfeiture action or proceeding, whether chrl or cdminal,(s b��n that In Lender's good taHh judgmeM could resu8
<br /> : in forfeiture of the Property or othervWse materlat[y ImpaU the Ifen c►eated hy tfiis SeGU;ry Instrumerrt or l.ender's securlty tnteres� �=,�
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